The uncertainty with this year’s sugarbeet harvest has created a nearly non-existent sugar stock trading market according to Jayson Menke with Acres & Shares. “In my 16 years working with (American Crystal Sugar Company) beet stock this is one of the quieter falls,” says Menke. “Growers number one concern is getting the crop out of the ground.” As of today there has only been one sale through brokers on October 4 for five shares at $3,500 per share. In the past decade this is only the second time the first transaction of the season was in October. Seven of the last ten years the first sale was in September with the earliest brokered sales in late August 2016.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.